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Two firms, Vascon Engineering and Syncom Healthcare made their debut today on the Bombay stock exchange with a premium of 3 per cent and 17.3 per cent, respectively.


Vascon Engineering had fixed an issue price of Rs 165 per share for the issue. Its shares opened at Rs 170 on their first day and rose 5.1 per cent over the issue price to a high of Rs 173.45 on the exchange in Mumbai. Vascon has listed 9 crore shares on the exchange.

Visaka IndustriesLimited (VIL), established in 1981, is the second largest cement sheet manufacturer in India with the total installed capacity of 6,30,000 tonnes. VIL is well diversified company engaged in the manufacture of fibre cement products and synthetic blended yarn. Company has pan india presence with 6 manufacturing plant for asbestos making plants and two manufactring plant for garments.

FUTURE OUTLOOK:- At the current price of Rs 122, the stock is available at 5.54x of its FY09 earnings, 4.10x of its FY10E earnings and 2.79x of its FY11E earnings

Indian market failed to discount strong global cues; Indices faced selling pressure at higher levels and closed on a weak note after trading in a volatile session. SENSEX closed at 15922, down 120 points and Nifty at


4757, down 35 points from the previous close. CNX MIDCAP index was down 0.14% and BSE SMALLCAP index was up 0.10%. Top gainers included HINDALCO, HDFCBANK, STER, HEROHONDA, and GRASIM. Top losers are listed as M&M, SBIN, LT, TATASTEEL and SUNPHARMA.

Simon Brickles and Stephen Hazell-Smith have finally decided to step down after actively running Plus Markets, the former Ofex for five years. The move would pave a way for the new generation to participate in the growth stories of the market amid very challenging times of slowdown.

The government has decided to allow companies that issued foreign currency convertible bonds (FCCBs) before November 27, 2008 to align conversion price as closer to the market price as possible.


The companies will now be able to revise their FCCB conversion price to the level of average weekly high and low share prices of the period of two weeks before the date of issue of securities. The relevant date of issue is determined by the board.

The Euro finally found a bit of respite after the short-term players' buyback but the gains were not significant enough as it still remained close to the nine-month low against the dollar. The meeting of euro zone finance ministers failed to bring in any kind of confidence about the matter of Greece's debt problems. There seems to be no ray of hope in the near future for these problems

Having positive global cues from European market, Indian market attracted buying interest and closed at strong note. SENSEX closed at
16226, up 188 points and NIFTY at 4855, up 53 points from the previous close. CNX MIDCAP index was up 0.52% and BSE SMALLCAP index was up 0.54%. PHARMACEUTICALS, CAPITAL GOODS and METALS attract buying while BANKING and TELECOM stood weak. Top gainers included ACC, TATAMOTORS, HUL, M&M, AMBUJACEM, HINDALCO and RANBAXY. Top losers are listed as BHARTIARTL, HEROHONDA, AXISBANK and JINDALSTEL.

NEXT SESSION……..

Alembic

Alembic started its operations on 30 July, 1907 & now it is Asia's most respected integrated pharmaceutical company with manufacturing facilities in Vadodara and Panelav in Gujarat and Baddi in Himachal Pradesh. The plant in Vadodara has the largest fermentation capacity in India.


The Panelav facility houses both API (USFDA approved) and formulation manufacturing plants. It has a distribution network that spans 29 states in India and 75 countries globally. Company has "Bio Arc Research Center" at vadodara to capitalize its strength in research and developments.

Toronto, Jan 7 - Companies raised a record $60 billion on the Toronto Stock Exchange (TSX) last year despite the global downturn.


The third biggest stock exchange in North America, the Toronto Stock Exchange is also the world's biggest energy market where more than 400 global oil and gas companies are traded.


The stock exchange raised $60.0 billion, surpassing the previous record of $47.6 billion set in 2007. The TSX executed trading volume of 118.5 billion, again exceeding the record of 109.2 billion set in 2008.

Company was incorporated on 24th December 1946, as a private limited company with the main object of taking over the running business of M/s. Dandekar & Co., which was founded by late G. P. Dandekar and D. P. Dandekar in 1931 at Girgaum, Mumbai. The Company manufactures stationary products, art materials. The Company was converted into a public limited company on 24th March 1988 and the name was changed to Camlin Ltd.

The Karnataka-based Thinksoft Global Services Limited has extended the closing date of IPO till October 1, 2009, revising offer band price to between Rs 115 and Rs 125, against its earlier band of Rs 120-130. The company did not divulge any specific reason for the development, but reports claims that the move is led by poor response to the IPO, which was, as per reports, subscribed just 62 per cent.


The official spokesperson for the company said that its board weighed various options before revising the date and price band for the Initial Public Offer.

 The markets maintained their upward movement for the third consecutive day on the back of strong buying witnessed in the Index heavyweight like Reliance Ind & State Bank of India which has been consolidating for quite some time.


Global Asian cues were also positive today. Hang Seng was up 2.14% and Shanghai rose 1.71% and Taiwan Weighted gained 1.2%. The Sensex closed up 107 points to
16,123 and the Nifty rose 22 points to 4,805 after hitting an intraday high of 4842.

New York - Major Wall Street indices gained Tuesday as price increases for oil and metals including gold fuelled a rally in commodity and energy shares.


The dollar hit a 2009 low against the euro, helping the commodity price hikes. The US currency dropped to 69.03 euro cents and 92.31 Japanese yen.


The price of crude oil climbed 4.5 per cent to 71.1 dollars per barrel, and gold futures climbed above 1,000 dollars per ounce. Copper jumped more than 3 per cent.


Shares of Alcoa, Chevron and Exxon Mobil climbed more than 2 per cent.

The Sensex closed higher for the fourth consecutive day on the back of sharp upside in Reliance Industries, which gained 4.5%. Metal stocks continued their run up today as well and banking stocks were the other gainers.


However, selling in telecom, realty, power, FMCG, auto, oil marketing, capital goods and select technology stocks limited the gains. Asian markets ended mixed. Shanghai and Jakarta gained 0.5% while Hang Seng, Nikkei, Straits Times, Kospi and Taiwan fell 0.4-1%.


In the metal space, Hindalco gained 4.14%. NALCO, Sterlite Industries and Tata Steel were up 0.8-

The 30-share index Sensex, which gained more than 248 points during the opening trade today, has shed some of its gains owing to some profit booking witnessed across front line stocks.


Banking, healthcare and metal stocks were in the lead, while real estate and auto slipped in the negative terrain.


BSE Midcap and Smallcap index increased 0.34% and 0.21% respectively.


For the week ended on August 29, 2009, Inflation stood at -0.12% as against -0.21% during the last week ended on August 22, 2009.

During the early trading session today, the broad-based Nifty crossed 4,800-points level for the first time in 15 months.

The 30-share index BSE Sensex also remained up and gained more than 122 points.


The markets gained on the back of increased inflow of foreign funds driven by strengthening trends in other Asian markets.


Previously, the Nifty posted 4,821.30 points on June 2 2008. It hit a 52-week high of 4743.75 on Monday (Sep 07, 2009).

The Sensex had gained around 617 points during the last two trading sessions.

Seoul - Shares surged 2.3 per cent Thursday on the Seoul stock exchange on strong buying by foreign investors while South Korea's currency gained against the dollar.



The benchmark Kospi index soared 36.91 points to close at 1,644.68.


Advancing issues outpaced decliners 604 to 217.

The main index of the technology-heavy Kosdaq market inched forward 4.81 points to 525.01.

On currency markets, the US dollar was quoted at 1,224.50 Korean won, after 1,227 won Wednesday. (dpa)

The BSE Sensex surged 1.2% on Thursday, extending gains into a fifth successive session, backed by strong world markets and expectations the administration would focus on ensuring growth.


Financial stocks including private-sector lenders ICICI Bank and HDFC Bank headed the gaining chart on signs the easy economic position would continue to improve consumer spending.


India's main economic concern was lifting growth rather than inflation, Finance Secretary Ashok Chawla said on Wednesday, adding he saw no need for RBI to alter policy.


Market traders said this suggested interest rates would not climb rapidly and helped boost overall reaction.